Essays about: "liquidation costs"

Showing result 1 - 5 of 6 essays containing the words liquidation costs.

  1. 1. Shareholder Advantage and Short-Term Leverage

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Nikola Pajkic; Pratik Kulkarni; [2023]
    Keywords : Bargaining; Default; Debt maturity structure; Rollover risk;

    Abstract : We find a correlational relationship between proxies of shareholder bargaining power and liquidation costs (indicating the value extraction ability of shareholders from debtholders in reorganization in default) and short-term leverage. Theoretical literature suggests to us that firms with higher shareholder advantage will reduce their short-term leverage to a greater extent than those with lower shareholder advantage (due to shareholders disliking commitment to rollover risk) in a systemic shock to bond market liquidity, i. READ MORE

  3. 2. A Framework to Model Bond Liquidity

    University essay from KTH/Matematik (Avd.)

    Author : Alan Issa; [2023]
    Keywords : Bonds; liquidity; order book; stochastic process; stationarity; gamma distribution.; Obligationer; likviditet; orderbok; stokastisk process; stationaritet; gamma distribution.;

    Abstract : The liquidity of financial assets can be studied in various different ways. In this thesis, liquidity is defined as the cost and time required to liquidate a position. READ MORE

  4. 3. Optimal Portfolio Re-Balancing on Fixed Periods using a Cost/Risk Adaptation Model and Stochastic Optimization.

    University essay from Linköpings universitet/Produktionsekonomi

    Author : Max Ehn; Marcus Jämte; [2023]
    Keywords : Optimal portfolio re-balancing; optimal liquidation; minimize transaction costs; trading-volume estimation; stochastic optimization; Financial mathematics; tracking error; execution strategies; opportunity costs; liquidation costs; applied mathematics; PRIIP regulation; Swing-pricing;

    Abstract : In this thesis we investigate the problem of portfolio re-balancing for fixed periods using a cost/risk adaptation model and stochastic optimization. The cost/risk adaptation model takes theory of optimal liquidity costs and risk preference to build a universe in which we try to find better strategies than conventional ones. READ MORE

  5. 4. Structural Modelling of Credit Spreads on the European Bond Market: An Empirical Study

    University essay from Lunds universitet/Matematisk statistik

    Author : Marcus Zethraeus; Magnus Roos; [2017]
    Keywords : Structural models; Merton model; Black Cox model; European corporate bond spreads; Mathematics and Statistics;

    Abstract : This thesis empirically tests the explanatory power of structural models on the European corporate bond market. Using new evaluation methods, including LASSO and gradient boosting regression, we can provide an in-depth assessment of the models’ shortcomings. READ MORE

  6. 5. Entrepreneurial Venture Failure Experiences : An analysis into causes, costs, and outcomes of venture failure

    University essay from KTH/Entreprenörskap och Innovation; KTH/Industriell Marknadsföring och Entreprenörskap

    Author : Amirali Piadehbasmenj; [2016]
    Keywords : Failure; Venture Failure; Entrepreneur Failure; Business Failure; Bankruptcy; Discontinuity; Insolvency; Liquidation; Dissolution; Causes of Failure; Costs of Failure; Financial Costs of Failure; Social Costs of Failure; Psychological Costs of Failure; Cope with Failure; Venture Recovery; Re-entry into Entrepreneurship; Financial loss; Outcome from Failure; Learning from Failure.; Misslyckande; Företaget Fel; Entreprenör misslyckande; Konkurser; Konkurs; Likvidation; Upplösning; Orsaker till misslyckande; Kostnader för fel; Finansiella kostnaderna för ett misslyckande; Sociala kostnaderna för ett misslyckande; Psykologiska kostnaderna för ett misslyckande; klara fel; Ekonomisk skada; Entreprenöriella processen.;

    Abstract : Research on entrepreneurship focuses on success which ignores the high failure rate of new ventures. Many new ventures fail so how entrepreneurs deal with it when their venture fails? Successful entrepreneurs praising the advantages of failure as a valuable teacher. READ MORE